Stories
Small Savings Schemes: Interest Rates Unchanged for PPF, SSY, NSC in Oct-Dec Quarter
- •The central government has kept interest rates for small savings schemes unchanged for the October-December quarter.
- •Six small savings schemes, including PPF, Sukanya Samriddhi Yojana, and NSC, will maintain their current interest rates.
- •The Department of Economic Affairs, Ministry of Finance, confirmed no change for the third quarter of the current financial year.
- •PPF offers 7.1% annual interest, Sukanya Samriddhi Yojana 8.2%, and National Savings Certificate (NSC) 7.7%.
- •Interest rates for these schemes have remained largely unchanged for approximately two and a half years, providing stable returns to investors.
Key Questions Answered
The central government has kept the interest rates for small savings schemes unchanged for the October-December quarter of the current financial year. All small savings schemes will maintain their current interest levels, following the decision announced by the Department of Economic Affairs.
The government last modified the interest rates for small savings schemes during the January-March 2024 quarter. At that time, rates for the 3-year Post Office FD and Sukanya Samriddhi Yojana were increased, and they have remained unchanged for almost two and a half years.
The annual interest rate for the Public Provident Fund (PPF) stands at 7.1 percent. Meanwhile, the annual interest rate for Sukanya Samriddhi Yojana (SSY) is currently fixed at 8.2 percent.
